https://www.taxtmi.com/caselaws?id=412119 The Tribunal upheld the CIT(A)'s decisions in a case involving disallowance under Section 14A of the Income Tax Act and transfer pricing adjustment concerning interest on the assessee's investment in its Associated Enterprise. The disallowance under Section 14A was deleted as no exempt income was earned during the year, and the transfer pricing adjustment was nullified based on the consistent policy of the assessee and judicial precedents. The Revenue's appeal was dismissed. en-us Wed, 08 Sep 2021 00:00:00 +0530 Wed, 17 Nov 2021 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412119 The Tribunal upheld the CIT(A)'s decisions in a case involving disallowance under Section 14A of the Income Tax Act and transfer pricing adjustment concerning interest on the assessee's investment in its Associated Enterprise. The disallowance under Section 14A was deleted as no exempt income was earned during the year, and the transfer pricing adjustment was nullified based on the consistent policy of the assessee and judicial precedents. The Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 08 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412119